Can I pay with a 10 euro coin?

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The 10-euro silver coin, which has become the new collectors' money since June 25, 2012. France's national monetary institution, the Monnaie de Paris, launched a major publicity campaign for 3 million silver 10-euro coins, divided into 27 designs corresponding to the 22 French regions.

In this article, we'll take a look at whether you can make a purchase with this currency and what the real value is. value of the 10 euro coin in silver and gold. Is it possible to preserve these coins?

Image illustrating a 10-euro silver coin

Usable 10 euro coin: Can we make purchases with this coin?

The answer is "yes," you can use them as a means of payment. In fact, even salaries can be paid in cash up to €1,500 per month. This means that the optician's salary or a warehouse worker or other occupation starting at €1,750 per month is not affected.

It should be noted that, according to the law (article R.642.3 of the penal code), the refusal of these pieces of currency or some banknotes legal tender in France is punishable by a fine offine of up to €150. This law is in force in the French overseas territories, in 19 countries in the Euro zone and in some countries outside this zone. What's more, some coins are highly sought-after by collectors, depending on their value. draw date and its visual quality.

Just after the 10 and 25 euro silver coins were put into circulation at the end of August 2013, the president of the French Federation of Traders' Associations, Georges Sorel seems worried that these coins are being popularized on the markets; coins that are supposed to be in the collectors' showcases.

Values of silver and gold 10-euro coins

At present, an average of 10 euros in silver is sold on the Internet between 12 and 15 euros. The Banque de France also accepts these coins at face value. Exchanges can be made, but there are a few constraints. Depending on the coin's gold or silver composition, the bank will always want to know the face value of the coin before making the exchange.

The value of a gold coin varies according to its status and his rarity. Some people who own gold coins are unaware that :

  • It is really difficult to have a gold coin in good condition, like the 5 francs Napoleon III.
  • Gold coins are struck by different mints.

Who also takes back 10 euro coins?

Wondering who takes back 10-euro coins?

You have several options available to you:

  • In the numismatic stores or on online sales platformsIt is possible to trade these coins, whose market value may exceed their face value, given that they are very rare.
  • You can also visit the Banque de France center, located at 39 rue Croix des Petits Champs in the 1st arrondissement of Paris, in order to deposit these coins at their face value into your account, as these coins are legally valid in France.
  • And as mentioned earlier, you can also request an exchange at your bank branch, but the latter is not obliged to reimburse you for these valuable items.

If your bank branch is unable to handle the cash, it will likely guide you toward an alternative.

Is it possible to keep these parts?

We can keep it safe because we can contact the Banque de France in order to carry out exchanges in the knowledge that their quotation rest stable. As an exception, it is not advisable to clean gold coins, as their value is immediately lost once they are scratched or damaged. If you do have one, it's best to leave it in a plastic wrapping to keep it in pristine condition.

There are rules governing the use of cash. Are you accustomed to paying in cash and using the biggest ticket in euros?

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2 comments on the discussion forum for "Can I pay with a 10 euro coin? "

  1. I think you are misinformed, the Banque de France does not take back these coins, but much worse
    again, an official MDP distributor takes them back with a commission of 20 to 30%, i.e. between 7 and
    8 € the part…. isn't that stealing? ? LAMENTABLE!

    Reply
    • Hi, no according to the law traders must take them back :).
      As long as it is in circulation no problem, maybe the Banque de France takes it cheaper but it will still be usable for 10€.

      Reply

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